EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 596, CUTTACK, TUESDAY, APRIL 7, 2020 / CHAITRA 18, 1942
FINANCE DEPARTMENT
NOTIFICATION
The 7th April, 2020
S.R.O. No. 100/2020— In exercise of the powers conferred by sub-section (1) of section 50 of the Odisha Goods and Services Tax Act, 2017 (Odisha Act 7 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the State Government, on the recommendations of the Goods and Services Tax Council, do hereby make the following amendment in the notification of the Government of Odisha in Finance Department No. 19825-FIN-CT1-TAX-0022/2017, dated the 29th June, 2017, published in the Extraordinary issue No. 1152 of the Odisha Gazette dated the 29th June, 2017 bearing S.R.O. No 314/2017, namely:–
In the said notification, in the first paragraph, the following provisos shall be inserted, namely: –
"Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, for the class of registered persons, mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, but furnish the said return according to the condition mentioned in the corresponding entry in column (5) of the said Table, namely:--
TABLE
| S.No. (1) | Class of registered ( persons (2) | Rate of interest (3) | Tax period (4) | Condition (5) |
| 1. | 1 Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year | Nil for first 15 days from the due date, and 9 per cent thereafter | February,2020, March 2020, April, 2020 | If return in FORM GSTR-3B is furnished on or before the 24th day of June, 2020 |
| 2. | 2 Taxpayers having an aggregate turnover of more than rupees 1.5 crores and | Nil | February, 2020, March, 2020 | If return in FORM GSTR-3B is furnished on or |
| u p to rupees five crores in the preceding financial year | before the 29th day of June, 2020 | |||
| April, 2020 | If return in FORM GSTR-3B is furnished on or before the 30th day of June, 2020 | |||
| 3. | Taxpayers having an aggregate turnover of up to 3 rupees 1.5 crores in the preceding financial year | Nil | February, 2020 | If return in FORM GSTR-3B is furnished on or before the 30th day of June, 2020 |
| March, 2020 | If return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020 | |||
| April, 2020 | If return in FORM GSTR-3B is furnished on or before the 6th day of July, 2020.". |
2. This notification shall be deemed to have come into force with effect from the 20th day of March, 2020.
[No.13754-FIN-CT1-TAX-0002/2020]
By Order of the Governor
SMITA ROUT
Joint Secretary to Government